Bitcoin Treasuries Expand Rapidly as Corporates Buy Record 159,107 BTC in Q2

• Bitcoin corporate holders accumulated 159,107 BTC in the second quarter of 2025, as 46 new firms joined the space.
• New Bitcoin treasury firms making waves include Metaplanet, GameStop, Twenty One, and Trump Media.

Companies holding Bitcoin (BTC) as a reserve asset continue to expand their holdings. In the second quarter of 2025, these firms accumulated a total of 159,107 BTC, valued at over $17.6 billion at current prices.

Corporate Bitcoin Holders Break Quarterly Record

According to data from Bitwise Asset Management, Bitcoin treasuries now hold a total of 847,000 BTC. The 159,107 BTC accumulated in Q2 represents a 23.13% increase from the previous quarter.

By the end of Q2, the total value of corporate Bitcoin holdings increased to $91 billion. This value is calculated based on Bitcoin’s closing price of $107,754, a 60.93% increase from the previous quarter. 

The number of Bitcoin treasures holding BTC also increased in Q2, 2025. According to Bitwise data, 46 new firms joined the space. This pushed the total corporate BTC treasuries to 125, marking a 58.23% increase from the previous quarter.

Michael Saylor’s Strategy remains the biggest corporate holder of the leading coin. The firm currently holds 597,325 BTC, valued at about $66 billion at the current market price.

As previously mentioned in our report, Strategy aims for a 25% BTC yield by 2025. The firm consistently issues convertible notes and at-the-market (ATM) equity offerings to fund aggressive Bitcoin purchases. 

Strategy stock (MSTR) has benefited from the firm’s Bitcoin accumulation strategy. MSTR is up 43% year-to-date, far outperforming the S&P 500’s modest 6.4% gain over the same period. 

The stock also surged more than 9% and 6% over the week and past month, respectively, according to data from Google Finance.

Bitcoin miner MARA Holdings is the second-largest corporate BTC holder, with total holdings of  49,940 BTC. Similar to Strategy, MARA funds its BTC purchase with stock offerings. Shares of MARA Holdings have gained more than 10% Year-to-date.

Metaplanet Emerge as Japan’s Champion

In Japan, Metaplanet has emerged as a Bitcoin powerhouse. The firm is now the largest corporate BTC holder in the country and the fifth-largest BTC treasury operator in the world. 

Metaplanet holds a total of 15,555 BTC, outperforming household names like Toyota and Sony. The company has aggressively raised funds over the past few months to build its Bitcoin Treasury.

In our last update, we examined that Metaplanet aims to acquire 201,112 BTC by 2027. The firm also revealed plans to hold 30,000 BTC by the end of 2025 and 100,000 BTC by 2026.

To deepen its commitment to BTC, the company approved a $5 billion capital contribution to expand its digital asset reserve.

Other new entrants also making waves in the Bitcoin treasury space include Twenty One, GameStop, and Trump Media. Twenty One recently launched with a $685 million capital raise and quickly deployed over $450 million into BTC.

GameStop made its first-ever BTC purchase, adding 4,710 BTC to its balance sheet. Trump Media joined the fray, filing to raise $2.5 billion to buy BTC.

The expansion of BTC treasuries has helped to reinforce the legitimacy of the leading asset. It also coincides with the latest BTC price rebound. Bitcoin has hit a new all-time high of $112,014. At press time, BTC price was traded at $111,112, up 1.94% over the past day.